Airbnb IPO Prospectus Says Future Success Means Adapting to Cryptocurrencies
The giant online rental marketplace based in San Francisco, Airbnb is considering supporting cryptocurrencies and blockchain technology. The news stems from the company’s initial public offering (IPO) prospectus with the U.S. Securities and Exchange Commission (SEC). Airbnb’s filing notes that future success will be dependent on adapting to new technologies such as tokenization and cryptocurrencies. The travel industry has been one of the hardest-hit sectors in the economy after the coronavirus outbreak shook the world. In a recent filing with the SEC, Airbnb has filed a....
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The prospectus for Airbnb's IPO says its "future success" will depend on the rentals firm adapting to technologies like blockchain and cryptocurrency.
Meanwhile, crypto firms are genuinely trying to revive the badly-hit travel sector using distributed-ledger technology. Short-term accommodation booking platform Airbnb has filed a prospectus for a $1 billion initial public offering, or IPO, with the United States Securities and Exchange Commission on Nov. 16.Hidden away in the 350+ page document is a half page dedicated to the risks of not being able to adapt to changes in technology. The document reels off a list of buzz-words that savvy investors may want to be sure are under consideration:“Our future success will also depend on our....
Popular travel website Airbnb could soon accept cryptocurrencies for payments, CEO Brian Chesky has hinted. “Like the revolution in travel, there is clearly a revolution happening in crypto,” he added. Airbnb’s CEO Says ‘There Is Clearly a Revolution Happening in Crypto’ The CEO of Airbnb, Brian Chesky, asked on Twitter earlier this week, “If Airbnb could launch anything in 2022, what would it be?” On Tuesday, he revealed that he received 4,000 suggestions, noting that the most popular one is for his company to accept crypto payments. He....
Airbnb has hired a team of engineers from CoinChange, a company that is responsible for ChangeTip. However, no venturing into Bitcoin or Blockchain is on the horizon. Airbnb spokesperson reveals to CoinTelegraphCT r: 33: "We are thrilled to bring some members of the ChangeTip team on as a part of Airbnb and joining the engineering team working on building our infrastructure. We are not acquiring the assets of the company, nor do we have any plans to incorporate BitcoinCT r: 8 into the Airbnb ecosystem.” Airbnb is a company whose business model has been subject to much debate. They....
Brian Chesky, co-founder and CEO of Airbnb, asked the Airbnb community through social media which applications or platforms its users would like to see launched in 2017. Most of the users responded with Bitcoin payment integration, providing the success of Expedia as an example. Chesky, a well-respected entrepreneur and innovator, wasn’t aware that travel companies or Airbnb competitors like Expedia accepted Bitcoin and, more importantly, failed to observe the success the platform has had after the integration of the cryptocurrency. Belonging. Expedia Inc. operates a wide range of popular....